Roblox Stock Rises 54 In Its First Day

At the end of 2020, Roblox demonstrated just how popular the service is with a digital concert. Rapper Lil Nas X performed four sets across three days in November, drawing in a total of 33 million viewers for his 10-minute performances. This smashed the record previously held by Fortnite , with the Travis Scott live show only attracting an audience of 27 mill


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Roblox has been going from strength to strength over the last 12 months. It is now one of the most widely played games in the world and has slowly been expanding its demographic to include more older players. It makes sense that the developer would want to increase the age of its userbase, as older gamers generally have more money to spend, potentially increasing the revenue that Roblox can m


The Roblox stock sale has been highly-anticipated as of late and it's one of the most valued companies in gaming. ROBLOX crafting guide|https://robloxrealm.com/ is valued at a whopping $47 billion and it's just a company that only has one game. For comparison, EA is valued at $37 billion and Microsoft bought Bethesda for $7.5 billion . Roblox makes these giant developers/publishers look like they're worth pennies by comparison. The stock had a lot of hype surrounding it given how popular and well-monetized Roblox actually is. The game is similar to Minecraft and allows players to play a variety of custom games, as well as create their own content. Players are even allowed to sell their content, creating a marketplace for Roblox content. This has made it an incredibly lucrative investment for m


Now Roblox is featuring a brand new tie-in event to coincide with Ernest Cline's new book, Ready Player Two . The Roblox website anticipates that this will be the biggest book tour event in publishing history, a bold claim inspired by a similar event the website hosted to celebrate the release of the Ready Player One film adaptation in 2018. That event drew in a whopping 13 million, and Roblox anticipates that this event will be even bigger. It will take the form of an online treasure hunt, similar to the ones undertaken by the main characters in the books themselves. The event kicks off on December 1st with a live Q&A between Ernest Cline himself and Roblox CEO Dave Baszucki. Keen Roblox fans will want to tune into this event, as it will feature hints that will help them navigate the treasure hunt. Apparently more hints can be found inside Ready Player Two itself, so players are encouraged to read the book in preparation when it launches on November 24th. Players who complete this quest successfully will earn free digital goods themed after the ev


Brookhaven is a role play title inside Roblox that has __ incredible popularity among streamers. Recently, we talked about Mackenzie Turner, one of the well-known Brookhaven streamers who almost updates a new fun story from the game every day in her YouTube chan


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The Roblox stock was initially listed at an estimated $45 and jumped to $65 within seconds of going live to the public. At its peak, the company's stock hit an impressive $74.55, but trickled back down to a $69.50 closing price with a 54% gain (via Barrons ). The Roblox stock had plenty of competition thanks to GameStop's incredibly chaotic stock battle . GameStop almost hit $350 today but got hit hard, flying down to $180 at its lowest, but quickly came back up to a closing price of $265. The GameStop stock closed above its previous close of $246.90, but its gains weren't nearly as impressive given the strong decl


As GameStop attempts to rally following big changes potentially coming to the company, it could prove to be a challenge for Roblox. As attention is split between two high-interest stocks, it could directly impact both of them from hitting the strides they need to really succeed. Roblox reportedly previously delayed its stock after DoorDash and AirBnB went live in 2020 out of fear of getting overshadowed and while GameStop is more volatile, it's still distracting potential investors who are throwing lots of cash aro


Roblox is set to switch its strategy to focus on expanding its audience to older players in the future. According to GamesIndustry.biz , the Roblox Corporation will attempt to entice more experienced users to its platform. During a recent investor day briefing, chief business officer Craig Donato explains the company's new plan, which will involve " enabling developers to build more polished experiences that will appeal to a wider range of users ." Donato hopes that this will help attract older gamers who expect higher quality games compared to younger players. The investor day also highlighted the growth that Roblox has already had, with almost half of the title's daily active users being older than